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Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE +0.11%, DAX (0.06%), CAC40 (0.04%)

Sep 11 ,2026

  • Synopsis

    • European indices are set to open mostly lower as Asian equities trade sharply lower Friday. Steep declines in Japan, South Korean, Taiwan and Chinese benchmarks. S&P 500 futures flat. Treasury and JGB yields extending move higher

    • US equities were lower in Thursday trading as stocks ended a bit off worst levels. S&P 500, Nasdaq posted fourth-straight decline.

    • Bond yield backup the big story with move chalked up to multiple factors, including oil rally (protracted US-Iran conflict), PPI/Fed (feed-through to PCE), more hawkish ECB rate hike takeaways (upward revision in growth and inflation forecasts) and fiscal (Trump's $5K dividend pledge).

    • Friday sees, in central banks, Russia central bank interest rate decision at 12noon CET. No change expected in 14.0% benchmark interest rate. Press conf at 14:00. SNB Schlegel speech at 10:15CET. ECB's Lagarde on-stage interview at 16:00CET at Banque Populaire Caisse d'Epargne Group Executive Summer Univ. ECB's Lane lecture at 18:00BST at Dublin Economics Workshop Annual Economic Policy Conf (through Sat). Austria central bank publishes its latest economic forecast.

    • Economic: UK Jul industrial/manufacturing production, trade balance, construction output, Aug monthly GDP tracker - NIESR, Switzerland Aug consumer confidence

    • Earnings:

      • France: Vetoquinol (VETO.FP)

      • Southern Europe: Tamburi Investment Partners (TIP.IM), Pharmanutra (PHN.IM), TSK Electronica y Electricidad (TSK.SM)

    • Trading Update:

      • UK: Berkeley Group Holdings (BKG.LN)

    • Traffic: DFDS (DFDS.DC), Heathrow Airport (+HTR.LN), Aeroflot-Russian Airlines (AFLT.RU)

    • Reported so far. (FRA.GR) Fraport reports Aug Frankfurt Airport traffic statistics: ~6.3M passengers, (0.3%) y/y

Top company news

  • Earnings/updates

    • FRA.GR (Fraport) -- reports Aug Frankfurt Airport traffic statistics: ~6.3M passengers, (0.3%) y/y

    • FHZN.SW (Flughafen Zuerich) -- reports Aug traffic statistics

    • UTDI.GR (United Internet) -- comments on impact from transformation programs at group subsidiaries 1&1 AG and IONOS

    • AVIO.IM (Avio) -- reports H1 net income attributable €9.7M vs year-ago (€0.6M); provides FY guidance

    • IOS.GR (IONOS Group) -- launches strategic transformation program, to reduce workforce by 450 (~11%), reaffirms FY adjusted EBITDA

    • VETO.FP (Vetoquinol) -- reports H1 net income attributable €30.5M vs year-ago €25.1M

    • CHEMM.DC (ChemoMetec) -- reports FY EBITDA DKK281.3M vs FactSet DKK282.7M [5 est, DKK279-285M]

    • 1U1.GR (1&1 AG) -- approves transformation and restructuring program for 1&1 Versatel; adjusts 2026 EBITDA forecast

  • M&A

    • SHEL.LN (Shell Plc) -- Shell signs US power plant transactions

    • CEG (Constellation Energy) -- Constellation to acquire Rhode Island State Energy Center (RISEC) from Shell for $715M

    • ENEL.IM (Enel) -- completes the acquisition of 810 MW portfolio of solar plants in the United States (post EU close 10-Sep)

    • KIN.BB (Kinepolis Group) -- completes acquisition of US Showcase Cinemas

    • VTURA.NO (Ventura Offshore Holding) -- SED Energy Holdings to acquire Ventura Offshore Holding for shares

    • PRY.IM (Prysmian) -- to execute a share capital increase with exclusion of pre-emptive right for up to €850M

    • RUM (Rumble) -- to acquire additional shares of Northern Data to reach approx. 98% ownership; delivers squeeze-out notice for remaining 2%

    • AGS.BB (Ageas) -- completes previously announced sale of 30.95% stake in Maybank Holdings Berhad to Maybank

    • TVN.AU (Tivan Limited) -- to pay first Molyhil deferred payment of A$1.75M half in cash, half in scrip

    • ALUNI.FP (ReWorld Media) -- UNIFY Group (formerly ReWorld Media) announces an exclusive agreement to acquire Sciences et Avenir and La Recherche media brands; terms undisclosed

    • Saudi Arabia's PIF explores EA-Savvy Games merger - Bloomberg

    • M Resources submits non-binding indicative bid for Pacific National's coal haulage business - Australian Financial Review

  • Healthcare

    • ALBPS.FP (Biophytis) -- announces completion of €5.3M capital increase to fund its phase 2 trial in obesity

  • Other

    • STLAM.IM (Stellantis) -- Transcript Intelligence: Stellantis at Jefferies Global Industrials Conference

    • RR.LN (Rolls-Royce Holdings) -- awarded $43.2M USAF contract modification

    • BA.LN (BAE Systems) -- awarded $115.7M US Navy contract

    • DSFIR.NA (DSM-Firmenich) -- appoints Inge Massen-Biemans as Chief Sustainability Officer

    • ORSTED.DC (Ørsted) -- receives final opinion regarding taxation of Walney Extension and Hornsea 1

    • FRVIA.FP (Forvia) -- HELLA CFO Philippe Vienney to leave for personal reasons

    • HBR.LN (Harbour Energy) -- to repurchase ~$200M of ordinary shares from BASF Handels-und Exportgesellschaft mit beschränkter Haftung

    • FTK.GR (flatexDEGIRO) -- Chairman Hans-Hermann Lotter resigns, effective immediately

    • OpenAI announces "ChatGPT for Financial Services" with Astra reasoning

    • Virgin Media O2 seeking £600M reduction in costs via job cuts, other means - FT

Key rating changes

  • Upgrades

    • Jefferies upgrades HLMA.LN, RSW.LN, XPP.LN

    • Morgan Stanley upgrades EDP.PL; downgrades ENG.SM

    • G1A.GR (GEA Group) -- to overweight from equal weight at Barclays

    • HIAB.FH (Hiab) -- Hiab transferred outperform at BNP Paribas Exane; prior rating was neutral

    • NTGY.SM (Naturgy Energy Group) -- to outperform from neutral at Oddo

  • Downgrades

    • NOVO.B.DC (Novo Nordisk) -- to underweight from equal-weight at Morgan Stanley

    • NHY.NO (Norsk Hydro) -- to neutral from overweight at JPMorgan

    • YPSN.SW (Ypsomed Holding) -- to neutral from buy at UBS

    • ASKER.SS (Asker Healthcare Group) -- to sell from buy at DNB Carnegie

  • Initiations

    • IWG.LN (International Workplace Group) -- overweight at JPMorgan

    • TPRO.IM (Technoprobe) -- outperform at BNP Paribas Exane

  • Other Actions

    • LMP.LN (LondonMetric Property) -- resumed buy at Jefferies; prior rating was buy

Data

  • Nikkei (2.20%) to 63832.04

  • Hang Seng (0.57%) to 24811.86

  • Shanghai Composite (1.50%) to 3875.21

  • S&P futures +15.8 vs prior close of 7598.5

  • €-$ +0.0000 or +0.00% to 1.1614

  • $-¥ (0.26) or (0.17%) to 154.17

  • €-¥ (0.32) or (0.18%) to 179.00

This information and data is provided for general informational purposes only. The Bank of New York Mellon and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. We do not undertake any obligation to update or amend this information or data. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
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